Credit Suisse Group Reiterates €32.00 Price Target for ThyssenKrupp (TKA)
ThyssenKrupp (FRA:TKA) has been assigned a €32.00 ($38.10) target price by analysts at Credit Suisse Group in a research note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the basic materials company’s stock. Credit Suisse Group’s price target suggests a potential upside of 32.15% from the stock’s previous close.
Several other equities analysts have also commented on the company. Kepler Capital Markets set a €21.00 ($25.00) price objective on ThyssenKrupp and gave the company a “sell” rating in a research report on Friday, October 13th. UBS Group set a €25.00 ($29.76) price objective on ThyssenKrupp and gave the company a “neutral” rating in a research report on Friday, October 20th. DZ Bank reiterated a “buy” rating on shares of ThyssenKrupp in a research report on Friday, November 24th. Royal Bank of Canada set a €29.00 ($34.52) price objective on ThyssenKrupp and gave the company a “buy” rating in a research report on Wednesday, September 13th. Finally, Deutsche Bank set a €30.00 ($35.71) price objective on ThyssenKrupp and gave the company a “buy” rating in a research report on Friday, September 8th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of €27.93 ($33.26).
Shares of ThyssenKrupp (FRA:TKA) opened at €24.22 ($28.83) on Tuesday. ThyssenKrupp has a 1-year low of €21.17 ($25.20) and a 1-year high of €27.01 ($32.15). The firm has a market capitalization of $14,970.00 and a PE ratio of 65.45.
thyssenkrupp AG operates in the areas of mechanical, plant, and materials technologies in Germany and internationally. The companys Components Technology segment provides various components for automotive, construction, and engineering sectors, as well as for wind turbines. This segments products include assembled camshafts, powertrain crankshafts, steering and damping systems, net-machined crankshafts, engine components, steering columns and shafts, steering gears, slewing bearings, crawlers, crawler components, and springs and stabilizers, as well as cylinder head modules with integrated camshafts.
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